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our mission: to widen the scope of financial, economic and political information available to the professional investing public. to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become. to liberate oppressed knowledge. to provide analysis uninhibited by political constraint. to facilitate information's unending quest for freedom.

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Bloomberg Frames Farmers As Primitive Idiots In Demeaning Diatribe

Michael Bloomberg isn't making any friends in the agriculture industry, after video of the former NYC Mayor surfaced of him describing farmers as having simple jobs that don't require much intelligence, according to the Washington Times. "I could teach anybody, even the people in this room" to be a farmer, said Bloomberg during a 2016 talk at Oxford University in a now-viral clip in which he called agriculture a "process" "You dig a hole, you put a seed in, you put dirt on top, add water,...

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Chicago Records Coldest Valentine’s Day In Half A Century; The Brunt Of Winter Is Likely Over – Hello Spring?

Last week's Arctic blast was very noticeable in Chicago. Residents woke up to subzero temperatures on Valentine's Day, one of the coldest days in nearly five decades. O'Hare International Airport recorded minus 2 degrees on Feb 14, according to the National Weather Service (NWS). The cold spell last Friday was one degree shy of minus 3 degrees recorded in 1943. Still 5 degrees from the coldest low ever recorded of minus 8 degrees in 1905. A look back at the love, or lack thereof, that...

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Why You Shouldn’t Borrow Too Much Money, China Edition

Authored by John Rubino via DollarCollapse.com, When the US housing bubble burst in 2007, most observers were focused on the threat to Wall Street banks and their massive derivative books. This was a legitimate fear, since the worst case scenarios involved the death of Goldman Sachs and JP Morgan Chase, with all the stock market carnage that that implied. But for China the stakes were a lot higher - picture half a billion people taking to the streets and demanding an end to a government...

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Hubei Reports 1,807 New Coronavirus Cases, And 93 Deaths

Summary: China finally allows US experts inside Hubei reports 1,807 new cases, and 93 deaths Singapore reports 3 new cases, DP reports 90 Hubei reports new cases fall for the Beijing weighs postponing National Congress Japan delays Tokyo Marathon, raising concerns about the Olympics 14 Americans aboard evacuation flight found to have virus 5 virus-linked deaths rumored in Tibet WHO reiterates that signs of slowdown in new China cases doesn't mean outbreak is slowing Wuhan hospital...

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‘Black And Latino Males Don’t Know How To Behave In The Workplace’: Bloomberg Flashback

Another Mike Bloomberg sound byte is coming back to haunt the Democratic presidential candidate after a 2011 clip from when he was mayor of New York City has resurfaced in which he said "enormous cohorts" of young black and Latino men "don't know how to behave in the workplace where they have to work collaboratively and collectively." Bloomberg on Black and Latino males between 16-25: pic.twitter.com/kaJpr46Tro — ALX ?? (@alx) February 17, 2020 Presciently, The Onion joked that Bloomberg...

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‘CoupGate’ – A Localized Civil War Is Now Underway In The DoJ

Authored by James Howard Kunstler via Kunstler.com, At Stake A miasma of consternation lay heavy across the Potomac swamp late last week when former FBI Acting Director Andrew McCabe was let off the hook for lying to his own bureau while, elsewhere across DC, the distinguished Lt. General Flynn was still fighting for his life against exactly the same charge after three years of dilatory maneuvers by the DOJ to conceal their prosecutorial malfeasance in the case… and then the sketchy Roger...

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After Mass Chicken Cull, China Approves Live Poultry From US 

The Ministry of Agriculture (MOA) of China has approved the import of live chickens from the US after farmers across the country were ordered to cull tens of millions of chickens because of the Covid-19 outbreak.  The MOA had banned poultry meat imports from the US in 2015 due to avian influenza threats.  As a concession for the phase one trade deal, China had lifted poultry meat import bans and now has allowed the import of live chickens, reported the Financial Times.  Beijing allowing...

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Virginia Governor’s ‘Assault Weapons’ Ban Fails After Democrats Balk

Virginia Governor Ralph Northam's bid to ban the sale of so-called assault weapons has failed after Democratic Senators balked at the controversial proposal, according to Fox5. Then and now: Virginia Governor Ralph Northam (D) Those opposed opted to shelve the bill for a year in order for the state crime commission to study the issue - a decision which drew cheers from gun advocates during a highly anticipated committee meeting. Four moderate Democrats joined Republicans in Monday's...

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“The Situation Is Evolving” – Apple Cuts Guidance Due To Virus Disruptions

Update (1830ET): Nasdaq Futures have re-opened and are trading down around 80 points... *  *  * Surprise! Apple has issued a press released, admitting it does "not expect to meet the revenue guidance we provided for the March quarter" due to coronavirus related issues. In other words, the guidance we issued 19 days ago - blowing off any impact from the virus - is completely worthless. Full Statement Below: As the public health response to COVID-19 continues, our thoughts remain...

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This Is What Hedge Funds Bought And Sold In Q4: Complete 13F Summary

Many years ago, hedge fund 13-F reporting season was a time of excitement for all those who find perverse delight in reverse-engineering what hedge funds owned some 45 days ago (without even having a glimpse of their offsetting short book), as if it would give them the magic key to outperforming the market (it wouldn't). That excitement faded away about 5 years ago when it became painfully clear that in a time of central planning and activist central banks which would never allow another bear...

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